Emerald Advisers LLC Boosts Stock Position in RXO, Inc. (NYSE:RXO)

Emerald Advisers LLC increased its stake in RXO, Inc. (NYSE:RXO - Free Report) by 92.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 852,441 shares of the company's stock after purchasing an additional 409,055 shares during the quarter. Emerald Advisers LLC owned approximately 0.53% of RXO worth $23,868,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RXO. GAMMA Investing LLC raised its holdings in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after acquiring an additional 510 shares during the period. Illinois Municipal Retirement Fund raised its holdings in RXO by 0.8% during the first quarter. Illinois Municipal Retirement Fund now owns 69,190 shares of the company's stock valued at $1,513,000 after acquiring an additional 543 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in RXO by 2.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company's stock valued at $668,000 after acquiring an additional 575 shares during the period. Arizona State Retirement System raised its holdings in RXO by 2.3% during the second quarter. Arizona State Retirement System now owns 32,906 shares of the company's stock valued at $860,000 after acquiring an additional 751 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in RXO by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the company's stock valued at $1,545,000 after acquiring an additional 1,100 shares during the period. 92.73% of the stock is owned by institutional investors.

RXO Trading Down 0.9 %

RXO traded down $0.26 on Friday, hitting $27.93. The company had a trading volume of 701,941 shares, compared to its average volume of 725,159. RXO, Inc. has a 12-month low of $17.17 and a 12-month high of $32.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. The company has a market cap of $4.49 billion, a PE ratio of -155.16, a PEG ratio of 12.29 and a beta of 1.33. The business's fifty day simple moving average is $27.78 and its 200 day simple moving average is $25.45.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The company had revenue of $930.00 million during the quarter, compared to analysts' expectations of $934.14 million. During the same quarter in the previous year, the business earned $0.08 EPS. RXO's revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that RXO, Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RXO shares. Benchmark reissued a "hold" rating on shares of RXO in a report on Tuesday, October 15th. UBS Group lifted their target price on RXO from $22.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. Susquehanna reduced their target price on RXO from $20.00 to $16.00 and set a "negative" rating on the stock in a report on Thursday, September 26th. Citigroup began coverage on RXO in a report on Wednesday, October 9th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, Barclays lifted their target price on RXO from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.23.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.